alea, spot on
"They were negotiating from a very weak position. Or they negotiated exceptionally poorly."
Somebody familiar with the company knows they are on the ropes and took them to the woodshed.
So even while an ATM facility was in place to afford large individual investments in the absence of consequent SP increases, this investor knew more, and leveraged Wave's remarkably weak position.
The bullish spin by some is remarkable.
Is there anything short of the drying ink of a filing or bankruptcy that is not bullish ... anything?
Dell could cancel their agreement tomorrow, it would be spun as bullish.
It says remarkable things about the human spirit, not all of which are negative.
The above content is my opinion.
